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Jan 31, 2012 6:00pm EST
of predicting which direction the market will move. carolyn broaden, the fabulous technician runs looked at the average of the 5 s&p 500 for us since the market peaked in 2007. the results are pretty staggering. the chart includes both gold ebb crosses above the 200-day, and deaths kroes where it goes below the 200 day and we get the full balance here. since the 2007 top, the cross overs have created big up or down moves in the s&p 500, four out of five times. guys, that's too many just to be circumstantial or coincidental. first it was a negative death cross, in december 2007 and at first we saw an extended, horrible decline that you this to avoid, right? all of the way through until the generational low in march 2009. second, was there a golden cross in june of 2009 which was followed by a healthy rally all of the way into the april 2010 high. so far so good. third, another death cross in early july of 2010, this one fooled people. it didn't work. instead the s&p actually rallied 118 points from the july 1st low before we saw a bit of a decline and not enough to take out the
Search Results 0 to 0 of about 1